http://www.accuratevg.com/ - Baton Rouge Real Estate: Area 53 Oversupply For Nicholson Lakes Subdivision! This isn’t a question but rather the numbers.
Median Sales Price History. For Nicholson Lakes, these are the median sales prices since 2006. From 2009 to 2010, this market is only down $900 (a -0.47% decline) and from the high in 2007, it’s down $4,000, which isn’t that unusual. What is unusual is the oversupply of competing listings, see below.
2006: $184,723
2007: $193,000
2008: $189,950
2009: $189,900
2010: $189,000
Market Conditions. 11 Months Supply of Housing On Market. 34 Competing Listings IS A MAJOR OVER-SUPPLY considering that only 34 solds took place in past 12 months. Still Strong 99% List-To-Sales Price Ratio.
Nicholson Lakes In 2010. Within Nicholson Lakes in 2010 based only on 5 sales, Median Sales Price $189,000, Average Sold Price Per Sq. Ft.: $128sf, Average SP/LP%: 99% and Average Days On The Market: 133 Days. The chart below represents competing solds in Area 53 since 6/2009 showing a declining median sales price of -3.63%, from $202,250 to $194,900. But again, the numbers above only show a -0.47% decline in Nicholson Lakes from 6/2009 to 6/2010.
REO Foreclosure Rate Remains Low. The chart below represents competing solds foreclosure rate in Area 53 since 6/2008 representing a 7% rate.
THE IMPORTANT INDICATORS:
1.) HOW MANY HOMES ARE LISTED IN NICHOLSON LAKES NOW, BOTH IN MLS AND FSBOBR.COM?
Answer: 21 (16 MLS Listings and 5 FSBOBR.com Listings) AND NONE ARE PENDING or Under Contract.
2.) IN MLS AREA 53, HOW MANY COMPETING HOMES ARE FOR SALE VERSUS HOW MANY SOLD IN PREVIOUS 12 MONTHS?
Answer: 34 and 34. This means that there are just as many homes for sale as those that have sold in the previous 12 months, indicating an oversupply. And, this doesn’t include the many listings in Springlake either.
3.) AVERAGE DAYS ON MARKET APPEARS TO BE INCREASING IN NICHOLS ON LAKES!
In 2009, average DOM was 117 days. In 2010, it’s been 133 days. And, 9082 Winding Lake Ave has been listed since 12/2009. 2938 Tide Dr has been listed since 1/2010. 3336 Southlake Ave has been listed since 2/21/2010. 9084 Eastbank Ave has been listed since 2/1/2010. So, it appears the days on market is increasing.
NOTE: Data used with permission of GBRAR MLS extracted on 6/22/2010, data from 6/1/2008 to 6/22/2010.
http://www.batonrougehomeappraisal.com/ – Baton Rouge Housing Statistics: LSU Heatherstone Townhomes 70820
Heatherstone is a townhome development located near LSU off Brightside Drive 70820. According to MLS, the living area sizes vary from 1,474sf up to 2,280sf and ages vary from 11-15 years to 31-40 years old, from approximately 1973 to 1994. Since 1/1/2009, the Average Sales Price has been $156,417, Average Sold Price Per Sq. Ft. $87.31/sf, Median $156,500, Low $135,000, High $182,500 and Average Days On Market 108 Days.
The Chart Below Is Showing A -2.25% Decline In Median Sales Price From June 2009 to June 2010.
Data used with permission of the Greater Baton Rouge Board of Realtors. Data extraction date 06/21/2010, from 1/1/2007 to 06/21/2010.
http://www.accuratevg.com/ – Greater Baton Rouge Real Estate Pre-Foreclosure Driveby Inspection Process
In this video, Greater Baton Rouge Home Appraiser, Bill Cobb, performs a pre-foreclosure driveby inspection somewhere in Baton Rouge.
Tags: Baton Rouge Real Estate, Baton Rouge Homes, Baton Rouge Home, Baton Rouge Housing, Baton Rouge Foreclosure, Baton Rouge Pre-Foreclosure, Baton Rouge Pre Foreclosure
http://www.gbrprelistingappraisals.com/ – Greater Baton Rouge Pre-Listing Home Appraisals Video 225-293-1500.
This video describes what’s included in a “Pre-Listing” Home Listing Appraisal for the Greater Baton Rouge Housing Market performed by Bill Cobb with Accurate Valuations Group! Visit http://www.gbrprelistingappraisals.com/ and find out more about having a video made for YouTube to help sell your home faster. Plus, this appraiser can help your home get found on Google for interested buyers. So, we not offer Pre-Listing Appraisals, but a full marketing package and a listing on the Greater Baton Rouge Realty Video Visual Tours Website: http://www.gbrrealtyvisualtour.com/
Tags: Baton Rouge Real Estate, Baton Rouge Home, Baton Rouge Homes, Baton Rouge Listing Appraisal, Baton Rouge Listing Appraisals, Baton Rouge Pre-Listing Appraisal, Baton Rouge For Sale By Owner, FSBOBR.com, FSBO.com, For Sale By Owner Baton Rouge, For Sale By Owner Greater Baton Rouge
